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The Economic Times

Dollar firms as cracks emerge in peace deal, pound dips on Starmer uncertainty

Andy Burnham Chris Weston Tehran the Strait of Hormuz Japanese Yen Oil

The dollar was firm on Monday as uncertainty clouded a tentative U.S.-Iran peace deal following threats from President Donald Trump to restart the war in the Middle East and Tehran's announcement it had closed the Strait of Hormuz.

Despite rising tensions, U.S.-Iran peace talks stretched into their second day in Switzerland under the terms of a memorandum of understanding reached last week to extend a ceasefire from April for at least another 60 days.

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One subscription that gives you access to news from hundreds of sites

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